The Sensex is quoting at 16,633, down by 232 points and the Nifty is placed at 4,922, lower by 81 points.
The major losers on the Sensex are Reliance Communications (slipped by 11.8% at Rs 264), Bharti Airtel (shed 11.8% at Rs 353), Tata Motors (lost 3.7% to Rs 540) and DLF (lower by 3.6% at Rs 407). Jaiprakash Associates, ACC and Wipro have lost between 2 and 3 per cent each.
The leading Sensex gainers are ITC (stronger by 2.1% at Rs 243), Hindustan Unilever (firm by 2.1% at Rs 272) and Hindalco (up by 1.6% at Rs 120). Grasim and ONGC have gained up to 1% each.
The major losers on the Nifty are Bharti Airtel (down by 12% at Rs 352), Reliance Communications (lower by 11.6% at Rs 264) and Idea (weak by 11.1% at Rs 62)
The top Nifty gainers are Hindustan Lever (firmer by 2.4% at Rs 243), ITC (stronger by 1.9% at Rs 243) and Hindalco (stronger by 1.6% at Rs 120).